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Environmental Risk Assessment And Their Impact On The Profitability Of The Firmes

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  • PICIU, Gabriela Cornelia

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

The present paper conceptualized from economic perspective ecological risks, defining their scope and approach trivalent folks: activities - risks - effects. Knowledge and awareness of environmental risks and consumer information and consultation strategies for environmental companies creates market advantages. It appears that, those firms that are involved in the assessment, management and financing of environmental risk reduction, become more profitable, showing greater flexibility in market dynamics and innovation. They also become more present in the local community, responding to social concerns and interests. From this perspective, the paper presents theories and experiences in the field of environmental risks, analyzing economic developments and interpretations of how the events generated by them were reflected in the strategies implemented so far by the companies in Romania.

Suggested Citation

  • PICIU, Gabriela Cornelia, 2016. "Environmental Risk Assessment And Their Impact On The Profitability Of The Firmes," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 3(1), pages 215-218, October.
    • Handle: RePEc:vls:rojfme:v:3:y:2016:i:1:p:215-218
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    More about this item

    Keywords

    globalization; environmental risks; pollution; environment;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other

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